BofA Extends Credit to Matson

Monday, January 08, 2007

Bank of America Corp. and five other lenders have approved a combined $325m credit line for Alexander & Baldwin Inc. and its subsidiary Matson Navigation.
According to a Securities & Exchange Commission filing, Alexander & Baldwin's portion of the credit line is $225 million, and Matson's is $100 million.
The credit lines replace a prior agreement that was due to expire in 2011.
Source: Charlotte Journal of Business